Iranian market News

Insurance Placement Difficulties Delay Iranian Crude Exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday. A nuclear deal between world powers and Iran earlier …

Global Insurers Explore Opportunities in Iran; Market Worth Premiums of $7.4B

Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers, the reinsurers that share their risk …

National Iranian Tanker Co. Close to Obtaining New Insurance for Crude Exports

The National Iranian Tanker Co. is close to obtaining new insurance needed to boost crude exports and resume trade with old customers after four years of sanctions. NITC has been negotiating with foreign organizations for the past six months to …

Marine Insurers Cautious About Re-Entering Iran, Despite Lifting of Sanctions

Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted. A nuclear deal …

Factbox – International Firms Rush to Establish Position in Iran as Sanctions Lift

Major international companies are rushing to establish a position in Iran as the Islamic Republic re-opens for business after the lifting of international sanctions. Up for grabs is access to a market with 80 million people and annual output of …